Economics GCSE
Time Lags
What Time Lags means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Time Lags
The delay between an economic action (like a policy change) and its effect being fully felt in the economy.
Topics that use Time Lags
- Relationships between objectives and policies (Pearson Edexcel GCSE)
Related terms
Using Time Lags in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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